The California Air Resources Board (CARB) announced plans to hold a public hearing on March 21, 2024, to consider approving amendments to the Low Carbon Fuel Standard (LCFS) program. The goal of these amendments is to update the LCFS and align it with CARB’s AB 32 Scoping Plan Update.
If adopted, the proposed amendments would require a 30-percent reduction in fuel carbon intensity (CI) by 2030 and a 90-percent reduction in fuel CI by 2045 from a 2010 baseline. This is up from current benchmark requirements that call for a 20-percent reduction by 2030.
To accommodate rapid advances in transportation fuel production and use, the proposed amendments include an Automatic Acceleration Mechanism (AAM). Beginning in 2027, the Executive Officer will announce on May 15 of each year, on the LCFS website, whether the AAM has been triggered and the cumulative number of times the AAM has been triggered.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
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Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
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December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...